LXP Industrial Trust announces quarterly dividend on September 16, 2024

On September 16, 2024, LXP Industrial Trust, a real estate investment trust specializing in Class A warehouse and distribution properties, announced its quarterly dividend. The declared common share dividend for the quarter ending September 30, 2024, is set at $0.13 per share, which will be payable around October 15, 2024, to shareholders on record as of September 30, 2024. Additionally, a cash dividend of $0.8125 per share for Series C Cumulative Convertible Preferred Stock was also declared, with payment scheduled for November 15, 2024, to shareholders of record as of October 31, 2024. LXP Industrial Trust aims to grow its portfolio through various strategies, including acquisitions, development projects, and sale/leaseback transactions. The company is focused on enhancing its investment in high-quality warehouse and distribution facilities, which are critical in the current logistics and supply chain landscape. The announcement of the dividend reflects LXP's commitment to returning value to its shareholders while continuing to pursue growth opportunities. However, the company also acknowledges the inherent risks and uncertainties that could impact future dividend declarations, as noted in their forward-looking statements. Investors and stakeholders are encouraged to stay informed about LXP's performance and strategic initiatives through their periodic filings with the Securities and Exchange Commission and other communications. The company remains dedicated to transparency and maintaining open lines of communication with its investors.